XML 28 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Accounts receivable, net
12 Months Ended
Dec. 31, 2020
Accounts Receivable Net  
Accounts receivable, net

NOTE 4 ACCOUNTS RECEIVABLE, NET

Accounts receivable, net 

Accounts receivable consisted of the following:

    December 31,
2020
    December 31,
2019
 
Accounts receivable $ 19,959   $ 12,786  
Less: Provision for credit losses   (2,990)     (1,495)  
Accounts receivable, net $ 16,969   $ 11,291  

 

  

Charges to provisions for doubtful accounts are summarized as follows:

Allowance for credit losses   Balance at
beginning of period
    Charges to costs
and expenses
    Amount utilized     Balance at
end of period
 
Year ended December 31, 2020 $ (1,495)   $ (1,495)   $   $ (2,990)  
Year ended December 31, 2019 $ (1,495)   $   $   $ (1,495)  
Year ended December 31, 2018 $ (1,495)   $   $   $ (1,495)  

 

Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company's trade receivables. For the year ended December 31, 2020, three customers accounted for 23.4%, 19.5% and 11.4%, respectively, of the Company’s total revenues. For the year ended December 31, 2019, three customers accounted for 25.9%, 12.3% and 10.9%, respectively, of the Company’s total revenues and for the year ended December 31, 2018, one customer accounted for 24.5% of the Company's revenue.